Financial and Monetary History of the United States Economics 344: 01 Fall 2015



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1. Class Participation (15 percent). You are expected to come to class, having done the assigned readings and other postings. You will be asked specific questions on the readings. You must answer 5 times correctly in the course of the semester for full credit. I will occasionally assign current articles from print and web media for class discussion. I will email you when I post them. Check your email daily—preferably the night before each class.

2. First Exam (15 percent) September 25

3. Book Review (30 percent) Due in class October 20. On September 29, you will be given a list of books from which to choose. On October 6, you must hand in 1 page listing your choice.

4. Second Exam (15 percent) November 10

5. Final Exam (25 percent), December 21, 8-11 am
Note: Makeup Exams are given at the discretion of the instructor. If you anticipate an absence for any reason (religious holiday/sports event), you must inform me no later than September 15.

Required Books

(all paperback)
Milton Friedman and Anna J. Schwartz, A Monetary History of the United States, 1867-1960 (Princeton: Princeton University Press, 1963).
John Kenneth Galbraith, The Great Crash 1929 (Boston: Houghton Mifflin, 1954, and many later editions, 1997 is good because it includes Galbraith’s reflections in the crash of 1987 and the tech bubble).
Michael Lewis, Liar’s Poker (Penguin Books, 1990).

Required Articles





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